Wanda Properties wraps up slimmer $487.5m loan

Shruti Chaturvedi

December 21, 2016 04:30 am

property px230 — A worker installs a window of a makeshift building for workers at a construction site in Guangzhou, in south China's Guangdong province, Sunday, March 7, 2010. Jiang Weixin, minister of Housing and Urban-Rural Construction, says the government will increase the supply of homes, especially price-capped housing, in the hope of arresting the rapid rise in property prices. (AP Photo) ** CHINA OUT ** | AP/Press Association Images

Wanda Commercial Properties Hong Kong is due to sign a syndicated loan facility at $487.5m, slightly lower than the launch size of $500m. But a few more banks that were unable to make the deadline are expected to come in later, which will allow the company to boost the deal size.

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Shruti Chaturvedi